Oh, what's that you say? Upper management is using "market forces" as an excuse to do all the things they have wanted to do all along? Wow, what a shock.
The reason management is refusing to hire is because consumer demand continues to be weak, therefore demand for labor (as well as commercial products and services) is weak. This is a perfect opportunity for them and the talentless lackeys who carry out their orders--commonly referred to as "Human Resources"--to test out new methods of discrimination and shut more people out of the labor market, all in the name of squeezing the last little bits of productivity and profit out of their existing workers (until they too are laid off).
Despite what politicians and their paid apologists say about the matter,
this is a demand-side issue. Labor supply is not the problem.